Micron Technology: A Cheap and Undervalued Tech Stock with a 311% YoY Gain
ByAinvest
Tuesday, Mar 24, 2026 4:23 pm ET1min read
MU--
Micron Technology reported $23.9 billion in revenue, a 196% YoY increase, and trades at 7 times forward earnings, making it one of the biggest bargains in the tech sector. Despite a 311% increase over the last year, the stock is still undervalued compared to the Nasdaq-100 index, which trades at an average of 35 times earnings. With a low forward P/E ratio, Micron is well worth considering for tech investors.
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